Month forecasts Sample Clauses

Month forecasts. At least 30 Days prior to the commencement of each Quarter, the Customer must notify the Service Provider on a non-binding basis of the quantities of Gas to be delivered to the NRSA Receipt Point with respect to a Nitrogen Removal Service for each Day of the following 15 Months.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Month forecasts. For calendar years *** and ***, and notwithstanding the first paragraph of Section 4.1, BUYER will purchase from SELLER and SELLER will supply BUYER’s minimum purchase requirement of *** pounds of GOODS in calendar year *** (“*** MINIMUM”) and BUYER’s minimum purchase requirement of *** pounds of GOODS in calendar year *** (“*** MINIMUM”). BASE PRICE CALENDAR YEAR *** - $*** per pound BASE PRICE CALENDAR YEAR *** - $*** per pound Quarterly pricing adjustment for raw materials are in accordance with Section 5.1 (Exhibit 2B) (NOTE: BASE PRICE CALENDAR YEAR *** and BASE PRICE CALENDAR YEAR *** are based on pricing of key raw materials *** If there is a purchase volume shortfall against either the *** MINIMUM or *** MINIMUM (each being referred to herein as a “SHORTFALL”), BUYER will pay SELLER a penalty equal to 50% of the BASE PRICE CALENDAR YEAR *** or BASE PRICE CALENDAR YEAR ***, as the case may be, for the aggregate amount of pounds of GOODS constituting such SHORTFALL (“PENALTY”). For example, if BUYER purchases *** pounds of GOODS in calendar year ***, BUYER will pay SELLER a PENALTY of $***. For further example, if BUYER purchases *** pounds of GOODS in calendar year ***, BUYER will pay SELLER a PENALTY of $***. Any PENALTY based upon a SHORTFALL in either calendar year *** or *** is to be calculated at the end of calendar year ***. Any purchase volume surplus against either the *** MINIMUM or *** MINIMUM (each being referred to herein as a “SURPLUS”) will result in a credit equal to 50% of the BASE PRICE CALENDAR YEAR *** or BASE PRICE CALENDAR YEAR ***, as the case may be, for the aggregate amount of pounds of GOODS constituting such SURPLUS (“CREDIT”). Any CREDIT arising out of a SURPLUS against the *** MINIMUM will serve only to offset any PENALTY arising out of a SHORTFALL against the *** MINIMUM. Any CREDIT arising out of a SURPLUS against the *** MINIMUM will serve only to offset any PENALTY arising out of a SHORTFALL against the *** MINIMUM. For the avoidance of doubt, any CREDIT arising from any purchase volume surplus shall apply only to the extent it offsets any PENALTY. For any calculation of PENALTY and/or CREDIT, (i) BASE PRICE CALENDAR YEAR *** shall be a weighted average of quarterly pricing per pound and (ii) BASE PRICE CALENDAR YEAR *** shall be a weighted average of quarterly pricing per pound.
Sample 1

Related to Month forecasts

  • Annual Forecasts As soon as practicable and in any event no later than thirty (30) days after the beginning of each Fiscal Year, an annual forecast prepared by management of the Parent, in reasonable detail and in the form customarily prepared by management of the Parent for its internal use and setting forth an explanation for the principal assumptions on which such forecasts were based, of balance sheets, income statements and cash flow statements with respect to the Parent and its Subsidiaries on a quarterly basis for each Fiscal Year thereafter until the Maturity Date.

  • Rolling Forecasts The Client shall provide Patheon with a written non-binding [ * ] forecast of the volume of each Product that the Client then anticipates will be required to be produced and delivered to the Client during each [ * ] of that [ * ] period. Such forecast will be updated by the Client [ * ] on or before the [ * ] day of each [ * ] on a rolling [ * ] basis. The most recent [ * ] forecast shall prevail.

  • Forecast Customer shall provide Flextronics, on a monthly basis, a rolling [***] forecast indicating Customer’s monthly Product requirements. The first [***] of the forecast will constitute Customer’s written purchase order for all Work to be completed within the first [***] period. Such purchase orders will be issued in accordance with Section 3.2 below.

  • Rolling Forecast (i) On or before the fifteenth (15th) calendar day of each month during the Term (as defined in Section 6.1 herein), Buyer shall provide Seller with an updated eighteen (18) month forecast of the Products to be manufactured and supplied (each a “Forecast”) for the eighteen (18) month period beginning on the first day of the following calendar month. The first two months of each Forecast will restate the balance of the Firm Order period of the prior Forecast, and the first three (3) months of the Forecast shall constitute the new Firm Order period for which Buyer is obligated to purchase and take delivery of the forecasted Product, and the supply required for the last month of such new Firm Order period shall not be more than one (1) full Standard Manufacturing Batch from the quantity specified for such month in the previous Forecast (or Initial Forecast, as the case may be). Except as provided in Section 2.2(a), Purchase Orders setting forth Buyer’s monthly Product requirements will be issued for the last month of each Firm Order period no later than the fifteenth calendar day of the first month of each Firm Order period, and such Purchase Order will be in agreement with the Firm Order period of the Forecast. If a Purchase Order for any month is not submitted by such deadline, Buyer shall be deemed to have submitted a Purchase Order for such month for the amount of Product set forth in Buyer’s Forecast for such month.

  • Forecasts Any forecasts provided by DXC shall not constitute a commitment of any type by DXC.

  • Orders and Forecasts (a) Rolling […***…] Month Forecast. When each Product Agreement is executed, Client will give Patheon a non-binding […***…] month forecast of the volume of Product that Client expects to order in the first […***…] months of commercial manufacture of the Product. This forecast will then be updated by Client on or before the […***…] day of each month on a rolling forward basis. Client will update the forecast forthwith if it determines that the volumes estimated in the most recent forecast have changed by more than […***…]%. The most recent […***…] month forecast will prevail.

  • CONTRACT YEAR A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Projections As of the Closing Date, to the best knowledge of Borrower, the assumptions set forth in the Projections are reasonable and consistent with each other and with all facts known to Borrower, and the Projections are reasonably based on such assumptions. Nothing in this Section 4.17 shall be construed as a representation or covenant that the Projections in fact will be achieved.

  • Annual Operating Budget and Financial Projections Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projections.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!